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| Price | ▼ 4.00% | ▲ 4.01% | ▲ 7.15% | ▼ 9.63% |
| Energy | ▼ 18.8 | ▲ 3.1 | ▲ 32.0 | ▼ 41.5 |
Trend of Neutral SOLUSD Daily
▸When SOLUSD is in Neutral:
- then SOLUSD moved to higher Market State: 88 times — 47.3%
- then SOLUSD moved to lower Market State: 98 times — 52.7%
▸Current SOLUSD market energy: 11.65%
- Distance to upper bound of Neutral (at 20.88%): 9.23%
- Distance to lower bound of Neutral (at -20.88%): 32.53%
"To truly understand anything, study its history" — 2AITRADING
Observing the completed Daily candle, SOLUSD classified as the Neutral energy zone.
Market energy movement Market Energy dropped -41.5% this candle, currently 11.7% (previous candle 53.2%).
Time in Neutral energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, SOLUSD Market Energy ranged from +11.7 to +53.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOLUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 08-07-2021 closed, SOLUSD was at 33.142, down 9.63% from the previous candle (36.673). Market Energy was 11.7%, down 41.5 points from 53.2%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did SOLUSD price move on this Daily candle, and how large is that historically?
SOLUSD closed at 33.142, down 9.63% from the previous Daily candle (36.673). This drop is larger than 83% of past drops on the Daily timeframe for SOLUSD, across 330 candles since 2019.
How did SOLUSD Market Energy change from the previous candle?
Market Energy fell 41.5 percentage points from the previous candle — from 53.2% to 11.7%. This drop is larger than 94% of past drops on the Daily timeframe for SOLUSD.
Do SOLUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was SOLUSD in on the previous Daily candle?
The previous Daily candle had SOLUSD at 53.2%, Bull Bias — when this candle closed, SOLUSD moved down to a lower zone: Bull Bias → Neutral.
Where does SOLUSD energy sit within the Neutral zone?
At 11.7%, SOLUSD is 9.23 points from the upper boundary of Neutral (20.88%) and 32.53 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 41.6%; GER40 (European equities) in Bull Critical with energy 65.2%. Against this backdrop, SOLUSD (Neutral, 11.7%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Bias with Market Energy 43.4%. SOLUSD energy is currently below DXY by 31.8 points.
See the real-time energy chart for SOLUSD.
Open Energy ChartSee the full 2AiTrading Model data for SOLUSD on the SOLUSD overview →
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